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THE INFORMATION CONTAINED HEREIN RELATES TO THE SALE OF DISTRIBUTORSHIPS BY INDEPENDENT DISTRIBUTORS. THE ASKING PRICES ARE NOT SET BY PEPPERIDGE FARM. PLEASE READ THE TERMS & CONDITIONS BELOW.

PEPPERIDGE FARM HAS THE RIGHT TO DETERMINE THE QUALIFICATIONS OF A PROSPECTIVE DISTRIBUTOR. NEITHER PEPPERIDGE FARM NOR ANY OF ITS EMPLOYEES OR REPRESENTATIVES MAKES ANY REPRESENTATIONS WITH RESPECT TO THE INFORMATION CONTAINED HEREIN, INCLUDING WITHOUT LIMITATION THE FAIR MARKET VALUE OF ANY EXISTING PEPPERIDGE FARM DISTRIBUTORSHIP OFFERED BY ITS INDEPENDENT DISTRIBUTORS, OR THE TAX, FINANCIAL, OPERATIONAL OR LEGAL OUTCOMES OF ANY TRANSACTIONS OR ARRANGEMENTS TO ACQUIRE ANY DISTRIBUTORSHIP FROM ANY PEPPERIDGE FARM DISTRIBUTOR. ANY INVESTMENT IN SUCH DISTRIBUTION RIGHTS INVOLVES POTENTIAL RISKS. EACH PROSPECTIVE PURCHASER SHOULD CONSULT WITH HIS, HER OR ITS OWN ADVISORS AS TO LEGAL, TAX, BUSINESS, FINANCIAL AND RELATED ASPECTS OF THE PURCHASE OF SUCH DISTRIBUTION RIGHTS. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RETURN.